India's renewable energy growth demands more storage systems now. Domestic battery manufacturing capacity remains very low compared to future needs. This gap creates a reliance on imports for essential battery components. Experts caution against delaying renewable deployment due to this dependency. India aims to bridge this storage gap over the coming decade.
JBM Auto on Friday clarified that a report on Bain Capital's proposed investment in its electric vehicle business relates to subsidiary JBM Electric Vehicles. The company told stock exchanges that there was no material information requiring disclosure under Regulation 30 of SEBI's listing regulations as of now.
Nikhil Kamath’s conversation with Chinese battery experts explores whether India should build electric vehicles or focus on batteries. The discussion examines safety concerns around LFP batteries, the potential of sodium-ion and nickel-based technologies, the limitations of solid-state batteries and what India could do to reduce dependence on China’s battery supply chain.
WNEL has a relatively small operating renewable energy portfolio, with about 45 MW of operational capacity. Its largest project under construction is a 245 MW wind-solar hybrid project in Gujarat. The firm also has a 700 MW wind-solar-plus storage pipeline. It is also developing a larger green hydrogen and ammonia platform, with projects at various stages of development. WNEL is targeting 5 GW of renewable energy capacity and 2 MTPA of green derivatives - ammonia and methanol - by 2030.
Purvah Green Power will acquire a 1.4 GWp solar portfolio for Rs 4,859 crore. This acquisition will increase Purvah's contracted renewable capacity to 4.8 GWp. The acquired solar assets are spread across Rajasthan and Karnataka states. More than ninety percent of capacity is contracted with SECI under long-term agreements.
India needs to shift from a “petro state” to an “electro state” as rising power demand from EVs, AI and data centres accelerates the push for renewable and nuclear energy, speakers at the ET World Leaders Forum said.
Motilal Oswal Group has committed Rs 1,500 crore to Inox Clean Energy Ltd through compulsorily convertible debentures to fund acquisitions and growth. The initial Rs 1,000 crore has been deployed, with the remaining Rs 500 crore expected soon. This hybrid capital investment aims for an equity conversion upon Inox Clean's potential IPO within 12-24 months, offering downside protection and equity upside.
Inox Clean Energy has acquired Vena Energy India's renewable platform for Rs 6,000 crore. This rapid transaction was completed within two months, showcasing strong financing capabilities. Vena Energy India's portfolio includes operational and developing solar, wind, and BESS assets. Following this acquisition, Inox Clean's operational capacity will reach approximately four gigawatts.
Japanese power giant Chubu Electric is set to invest around $150 million in Indian renewable energy firm Continuum Green Energy. This deal will give Chubu a significant stake in Continuum, a company focused on wind, solar, and hybrid power for businesses. The acquisition highlights Chubu's growing interest in India's clean energy sector.
The power ministry is exploring subordinated debt for NHPC's Sawalkote project. This low-interest financing aims to support the large hydropower development in Jammu and Kashmir. The project's estimated cost stands at ₹31,380 crore, with approvals pending. India is accelerating hydropower projects, especially on western rivers. Other large projects in Arunachal Pradesh have also received government approval.
Draft rules for India's SHANTI Act, 2025, are currently under discussion with ministries. Industry inputs are also being sought on the proposed regulatory framework. The act aims to boost nuclear power capacity to 100 GW by 2047. It consolidates regulation and opens the sector to private and foreign entities. Final notifications are expected after extensive consideration of various issues.
India's state owned Indian Renewable Energy Devlopment Agency (IREDA) on Wednesday, says its director of Finance, Bijay Kumar Mohanty who has assumed additional charge of Chairman and Managing Director on July 1. He's a fellow member at of the Institute of Cost Accountants of India and has 27 years of experience in the Indian power sector, where he worked with the Central Electricity Supply Company of Odisha Ltd (CESCO) and Grid Corporation of Odisha Ltd (GRIDCO).
Advanced machine learning and statistical models are being used to enhance EV battery safety, efficiency, and lifespan. By analyzing real-world data, these models can predict battery health, optimize performance, and offer significant cost savings. Integrating diverse data sources provides actionable insights, supporting better maintenance, reliability, and financial management in the EV ecosystem.
Dilip Buildcon has sold solar and transmission projects valued at Rs. 8,400 crore to Alpha Alternatives. This strategic divestment involves stakes in two special purpose vehicles, Mekhali Power Transmission and DBL Renewable. The transaction will be completed through a phased subscription and closing mechanism. Dilip Buildcon aims to recycle capital and strengthen its balance sheet with this deal.
